SGX Stock Market

30Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 30 March 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 11.21 points or 0.4% lower to 2819.08, taking the year-to-date performance to -2.21%.
  • The top active stocks today were OCBC Bank, which declined 0.11%, DBS, which gained 0.07%, SingTel, which declined 0.79%, UOB, which declined 0.32% and Keppel Corp, with a 1.87% fall.
  • The FTSE ST Mid Cap Index declined 0.24%, while the FTSE ST Small Cap Index declined 0.36%.
  • The outperforming sectors today were represented by the FTSE ST Health Care Index, which rose 0.73%. The two biggest stocks of the Index – Raffles Medical Group and Biosensors International Group- ended 1.12% higher and 0.61% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 2.28%. Keppel Corp shares declined 1.87% and Sembcorp Industries declined 2.93%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : Ishares USD Asia Bond ETF (+0.10%)SPDR Gold Shares (+0.22%), IS MSCI India 100 (+0.15%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+0.42%), Bhg Retail REIT (unchanged), Capitamall Trust (unchanged)
  • The most active index warrants by value today were : HSI20000VTeCW160428 (-5.77%), HSI19200MBePW160530 (-9.35%), HSI20000MBePW160629 (-5.66%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+0.86%),KepCorp MBeCW161212 (-7.02%), DBS VT eCW160916 (+1.99%)

STOCK RECOMMENDATION :

  • BUY DEL MONTE AT CMP 0.330 TARGET 0.340 350 SL 0.315

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

29Mar
SGX

China March factory activity seen contracting at slower pace

SHANGHAI :

  • Activity in China’s manufacturing sector likely shrank for an eight straight month in March, but at a slower pace than in February as a reviving property market gave a much-needed boost to sales of steel and other construction materials, economists polled by Reuters said.
  • The official manufacturing Purchasing Managers’ Index (PMI) is expected to rise to 49.3 in March from 49.0 a month earlier, according to a median forecast of 32 economists in a Reuters poll. February’s reading was the weakest since November 2011.
  • Although the forecast rise implies a slower rate of shrinkage, it is still below the 50.0 mark which separates expansion from contraction.
  • China’s factory sector has been in a prolonged slowdown, weighed down by weak global demand for the country’s exports and overcapacity in key sectors such steel and basic materials.

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

28Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 28 March 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 34.59 points or 1.2% lower to 2847.39, taking the year-to-date performance to -1.23%.
  • The top active stocks today were DBS, which declined 1.48%, UOB, which declined 1.22%, OCBC Bank, which declined 2.62%, SingTel, which declined 0.26% and Keppel Corp, with a 2.82% fall.
  • The FTSE ST Mid Cap Index declined 0.69%, while the FTSE ST Small Cap Index declined 0.99%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Goods Index, which rose 0.43%. The two biggest stocks of the Index – Wilmar International and Thai Beverage – ended 0.30% lower and 2.07% higher respectively.
  • The underperforming sector was the FTSE ST Oil & Gas Index, which slipped 3.49%. Keppel Corp shares declined 2.82% and Sembcorp Industries declined 5.27%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India 100 (+0.30%), SPDR Gold Shares (-1.56%), STI ETF (-1.38%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-1.63%), Capitamall Trust (-1.38%), Capitacom Trust (-0.68%)
  • The most active index warrants by value today were : HSI20000MBePW160629 (+11.19%), HSI20000VTeCW160428 (-16.58%), HSI19200MBePW160530 (+17.58%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-11.97%), UOB MB eCW160705 (-9.09%), DBS VT eCW160916 (-9.50%).

STOCK RECOMMENDATION :

  • BUY INNOVALUES ABOVE 0.805 TARGET 0.830 0.870 SL 0.770

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

24Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 24 March 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 1.33 points or 0.05% higher to 2881.98, taking the year-to-date performance to -0.03%.
  • The top active stocks today were Global Logistic, which gained 5.32%, Noble, which gained 4.26%, SingTel, which declined 0.78%, DBS, which gained 0.13% and OCBC Bank, with a 0.11% fall.
  • The FTSE ST Mid Cap Index gained 0.32%, while the FTSE ST Small Cap Index rose 0.33%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 0.87%. The two biggest stocks of the Index – Midas Holdings and Geo Energy Resources- remained unchanged and 0.86% higher respectively.
  • The underperforming sector was the FTSE ST Telecommunications Index, which slipped 0.66%. SingTel shares declined 0.78% and StarHub gained 0.60%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-1.16%), IS MSCI India 100 (-0.30%), DBXT MSCI China TRN ETF10 (unchanged)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.41%), Capitamall Trust (-0.46%), Capitacom Trust (unchanged)
  • The most active index warrants by value today were : HSI21000MBeCW160428 (unchanged), HSI20600MBePW160428 (-2.88%), HSI19600MBePW160428 (-8.70%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (+0.71%), DBS VT eCW160722 (unchanged), DBS VT eCW160916 (+1.13%).

STOCK RECOMMENDATION :

  • BUY GLOBAL LOGISTIC ABOVE 1.995 TARGET 2.030 2.100 SL 1.945

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

23Mar
sgx2

China’s Jiangxi Copper plans output cuts after profit fall

SINGAPORE:

  • Jiangxi Copper Co Ltd, China’s biggest integrated copper producer, said it plans to cut refined copper output by 6.7% this year, in line with a proposal by the country’s big smelters to reduce output to support prices.
  • The move would cut production by 80,000 tonnes to 1.175 million tonnes, and follows a pledge last week by No. 2 producer Tongling Nonferrous Metals Group to reduce output by 110,000 tonnes.
  • Nine of China’s large copper smelters agreed last year to cut output by at least 350,000 tonnes in 2016, and said they could deepen the cuts if prices and profitability deteriorate.
  • Copper prices have come under pressure from high supply and reduced demand in China, the world’s top consumer, but have recovered around 7% this year, supported by output cuts from firms like Glencore and Freeport McMoRan.
  • Jiangxi Copper on Tuesday reported a fourth straight fall in annual earnings, with 2015 net profit tumbling 77% to 637.2 million yuan (US$98.2 million) due to lower metal prices, it said in a filing with the Shanghai stock exchange.
  • Economic conditions could restrict demand growth for nonferrous metals this year, the company said, but forecast a 6% rise in global copper mine production, adding pressure to prices.

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

23Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 23 March 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 0.04 points or 0% lower to 2880.65, taking the year-to-date performance to -0.07%.
  • The top active stocks today were DBS, which declined 1.27%, Noble, which gained 4.44%, SingTel, which gained closed unchanged, OCBC Bank, which gained 0.66% and Wilmar Intl, with a 1.82% advance.
  • The FTSE ST Mid Cap Index gained 0.23%, while the FTSE ST Small Cap Index rose 0.13%.
  • The outperforming sectors today were represented by the FTSE ST Basic Materials Index, which rose 2.33%. The two biggest stocks of the Index – Midas Holdings and Geo Energy Resources- ended 3.57% higher and 0.85% lower respectively.
  • The underperforming sector was the FTSE ST Health Care Index, which slipped 0.59%. Raffles Medical Group shares declined 1.10% and Biosensors International Group remained unchanged.
  • The three most active Exchange Traded Funds (ETFs) by value today were : IS MSCI India 100 (+0.15%), SPDR Gold Shares (+0.69%), Nikko AM Singapore STI ETF (+0.34%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (-0.81%), Capitamall Trust (+2.35%), Capitacom Trust (+0.68%)
  • The most active index warrants by value today were : HSI21000MBeCW160428 (-7.69%), HSI20600MBePW160428 (+4.51%), HSI20000VTeCW160428 (-6.50%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-9.62%), KepCorp MBeCW161212 (-0.78%), UOB MB eCW160705 (-8.20%)

STOCK RECOMMENDATION :

  • BUY NOBLE ABOVE 0.470 TARGET 0.500 0.540 SL 0.425

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

22Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 22 March 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 26.11 points or 0.9% lower to 2880.69, taking the year-to-date performance to – 0.07%.
  • The top active stocks today were SingTel, which declined 0.77%, DBS, which declined 1.69%, UOB, which declined 1.40%, OCBC Bank, which declined 1.83% and Keppel Corp, with a 1.47% fall.
  • The FTSE ST Mid Cap Index declined 0.35%, while the FTSE ST Small Cap Index declined 0.89%.
  • The outperforming sectors today were represented by the FTSE ST Consumer Services Index, which rose 0.20%.
  • The two biggest stocks of the Index – ComfortDelGro Corp and Singapore Press Holdings- ended 1.01% higher and 0.25% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 7.90%. Silverlake Axis shares gained 0.81% and CSE Global declined 2.13%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : SPDR Gold Shares (-1.07%), STI ETF (-0.69%), DBXT CSI300 ETF 10 (+2.07%)
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (unchanged), Capitamall Trust (-0.47%), Capitacom Trust (-0.34%)
  • The most active index warrants by value today were : HSI21000MBeCW160428 (+1.96%), HSI20600MBePW160428 (-8.28%), HSI19600MBePW160428 (-14.67%)
  • The most active stock warrants by value today were : DBS MB eCW160711 (-7.14%), UOB MB eCW160705 (-8.96%), KepCorp MBeCW161212 (-2.29%)

STOCK RECOMMENDATION :

  • BUY NOBLE 0.450 TARGET 0.470 0.530 SL 0.385

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

21Mar
sgx

Financial Sgx Singapore Stock Market Trading Picks And News – 21 March 2016

MARKET UPDATES :

  • The Straits Times Index (STI) ended 26.63 points or 0.92% higher to 2906.8, taking the year-to-date performance to +0.83%.
  • The top active stocks today were DBS, which gained 1.78%, SingTel, which gained 1.83%, OCBC Bank, which gained 1.98%, Wilmar Intl, which gained 1.85% and UOB, with a 0.31% advance.
  • The FTSE ST Mid Cap Index gained 0.59%, while the FTSE ST Small Cap Index rose 0.16%.
  • The outperforming sectors today were represented by the FTSE ST Industrials Index, which rose 2.19%. The two biggest stocks of the Index – Jardine Matheson Holdings and Jardine Strategic Holdings – ended 4.03% higher and 1.71% higher respectively.
  • The underperforming sector was the FTSE ST Technology Index, which slipped 3.91%. Silverlake Axis shares remained unchanged and CSE Global gained 2.17%.
  • The three most active Exchange Traded Funds (ETFs) by value today were : STI ETF (+1.04%), DBXT MSCI Indonesia ETF 10 (-0.68%), IS MSCI India 100 (+0.62%).
  • The three most active Real Estate Investment Trusts (REITs) by value were : Ascendas REIT (+2.48%), Capitamall Trust (+0.47%), Capitacom Trust (+1.03%).
  • The most active index warrants by value today were : HSI21000MBeCW160428 (+4.08%), HSI19600MBePW160428 (-9.64%), HSI20200MBeCW160428 (+5.95%).
  • The most active stock warrants by value today were : DBS MB eCW160711 (+9.09%),KepCorp MBeCW161212 (-0.76%), UOB MB eCW160705 (-2.90%).

STOCK RECOMMENDATION :

  • BUY YOMA STRATEGIC ABOVE 0.570 TARGET 0.600 0.640 SL 0.520

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

19Mar
PalmOil

Crude prices fall from 2016 highs as US oil rig count rises

NEW YORK:

  • Crude oil prices settled lower on Friday after the U.S rig count rose for the first time since December, renewing worries of a supply glut after an output freeze proposal helped boost the market to 2016 highs and multi-week gains.
  • U.S. energy firms this week added one oil rig after 12 weeks of cuts, according to data by industry firm Baker Hughes. The addition, coming after oil rigs had fallen by two-thirds over the past year to 2009 lows, showed crude drilling picking up again after a 50 percent price rally since February.
  •  “The rig count and crude prices have a direct relationship for sure,” said Pete Donovan, broker at Liquidity Energy in New York.
  • Brent crude finished down 34 cents, or 0.8 percent, at $41.20 a barrel, having risen $1 earlier to a 2016 high of $42.54.
  • U.S. crude settled down 76 cents, or 1.9 percent, at $39.44, after also gaining $1 to a year high of $41.20. It continued to fall in post-settlement trade, losing nearly $1.
  • Despite the retreat, oil posted multi-week gains, with Brent up for a fourth straight week and U.S. crude a fifth week in a row. Both benchmarks rose about 2 percent this week.

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

19Mar
sgx-asx

S&P 500 turns positive for 2016 as recession fears fade

NEW YORK:

  • The S&P 500 closed positive for the year on Friday for the first time in 2016 as the U.S. Federal Reserve’s dovish tone and a strengthening economic outlook compelled investors to take on more risk.
  • In part, the rally was a continued reaction to the Fed’s move on Wednesday, in which it scaled back expectations for the number of rate hikes in the coming months. Major indexes gained for five weeks in a row and the Dow closed higher every day this week.
  • “It was a huge gift to the market,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia. “I think the market was bracing for a more hawkish view.”
  • The Dow Jones industrial average closed positive for the year for the first time in 2016 on Thursday.
  • Following the Fed move, the dollar weakened and drove up commodity prices. Oil rose above $42 a barrel.
  • “People are realizing that this means a weaker dollar and that should benefit a lot of the stocks in the S&P and Dow, stocks with lots of exposure overseas,” said Kim Forrest, research analyst at Fort Pitt Capital Group in Pittsburgh.
  • Crude oil dipped on Friday as traders booked profits after strong seasonal demand and the U.S oil rig count rose for the first time since December.

For more information about SGX stock market please feel free to visit EPIC RESEARCH PTE LTD.

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